Morningstar Rating™

Morningstar SRRI

Benchmarks

Fund Benchmark

MSCI ACWI NR USD

Morningstar® Benchmark

MSCI World NR USD

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Investment Objective

The fund aims is to achieve capital growth over the long term. The fund is an actively managed UCITS ETF. The fund will normally invest at least 90% of its assets in equity securities (i.e. shares) of companies of any size. The fund will invest anywhere in the world, including emerging markets. The investment process identifies companies according to their economic scale. The chosen measure of economic scale is a company’s contribution to Gross National Product (“GNP”). This is also referred to as “Value Added” - the difference between a company’s outputs and inputs. The fund may use derivatives to meet its investment objectives. The fund may also use derivatives for hedging or for cash flow management purposes. The fund may invest up to 10% of its assets in other funds, including other funds of HSBC.

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Portfolio Profile21/02/2019

Morningstar Style Box®

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Equity Style

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Top Holdings

Name

Sector

%

IncreaseDecreaseNew since last portfolio

Icf Msci India Future Mar19 2019-03-15

Not Classified

3.84

Walmart Inc

Consumer Defensive

1.18

General Electric Co

Industrials

0.90

PetroChina Co Ltd H

Energy

0.83

Industrial And Commercial Bank Of China Ltd H

Financial Services

0.77

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Asset Allocation %

Long

Short

Net

Stocks

99.88

0.00

99.88

Bonds

0.00

0.00

0.00

Cash

23.10

23.04

0.06

Other

0.06

0.00

0.06

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Top Stock Regions

Region

%

United States

34.34

Eurozone

14.90

Asia - Emerging

12.19

Japan

9.22

Asia - Developed

6.31

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Top Stock Sectors

Stock Sectors

%

Financial Services

20.37

Industrials

14.25

Consumer Cyclical

11.54

Technology

9.46

Energy

9.25

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AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.